The Fund offers investors access to typically 50 – 100 Australian domiciled securities and can provide diversification to traditional asset classes.
The Fund’s large investment universe enables the construction of a highly diversified portfolio, with its underlying investments spanning: corporate bonds (investment grade and high yield), syndicated loans, mortgage and asset-backed securities, covered bonds, hybrid securities, cash and cash equivalents.
Distributions are paid monthly and can either be reinvested in additional units in the Fund or can be paid by direct credit to a nominated bank or financial institution account.
The Fund holds a multi-sector credit portfolio, with the aim to meaningfully shift exposure wherever, in our view, the best risk-adjusted opportunities can be found.
The Fund blends higher risk-adjusted returns across both liquid and less liquid segments, with a strong home bias, predominantly in the Australian credit market, hedged back to generate an Australian dollar floating rate portfolio.
In general, the Fund aims to have an average Investment Grade Rating.
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Net returns as at 30 April 2023
|Yarra Higher Income Fund*||0.48||1.09||4.01||4.49||2.90||3.09|
|RBA Cash Rate Index#||0.29||0.84||1.59||2.35||1.22||0.94|
* The total returns shown are prepared on an exit to exit basis – they include all ongoing fees and expenses and assume reinvestment of all distributions. Excess Return is the difference between the Fund’s net return and its benchmark, not including franking. Past performance is not a reliable indicator of future performance. # The Fund is a floating rate fund and is not confined to purchasing securities of a particular index, making other benchmarks unsuitable. The Fund uses the RBA Cash Rate as a benchmark as the cash rate is most closely aligned with the investment style of the Fund.
Note: Effective 15 March 2022, the name of this Fund was changed from the Yarra Absolute Credit Fund to the Yarra Higher Income Fund. While this decision followed a review of the Fund’s positioning within the Australian market, there has been no change to the Fund’s investment strategy or management costs. Refer here for further information.
Latest monthly commentary – April 2023
Latest quarterly commentary – March 2023
Open to new investors: Yes
ARSN: 628 168 061
APIR Code: JBW4379AU
Distribution Frequency: Monthly
Minimum investment: 10,000.00AUD
Unit pricing: Daily
Buy/sell spread: +/- 0.10%
Management cost (ICR) ( p.a.): 0.65%
Fund ratings: Contact a member of the Firm’s Client Team to discuss ratings in further detail
Platforms for this fund
Product Disclosure Statement
Application Booklet (for initial investments)
Additional Investment Form (for additional investments)
Target Market Determination
Institutional investors wanting further information on the Yarra Higher Income Strategy should contact a member of the Firm’s Client Team.